Insights and Stories of Phil Franz-Warkentin

Apr. 10, 2018 at 4:50 pm CDT

CNS Canada — After hitting a contract high Monday, the ICE Futures Canada July canola contract subsequently turned decidedly lower to form a key reversal pattern from a chart perspective. July canola hit a high of $539.50 per tonne Monday, but settled right around where it started, near the lows […]

By Phil Franz-Warkentin

Apr. 5, 2018 at 5:30 am CDT

CNS Canada — ICE Futures Canada canola contracts moved steadily higher over the past week as grain markets reacted to a mounting trade dispute between China and the U.S. While no sanctions are yet in place, the back-and-forth sabre-rattling between the two countries now includes proposed Chinese tariffs on U.S. […]

By Phil Franz-Warkentin

Mar. 27, 2018 at 7:57 pm CDT

CNS Canada — Total Canadian pea acres are likely to be down in 2018 as export challenges have cut into prices. However, Manitoba could be an outlier, with increased area to the pulse crop a strong possibility. “People are interested in growing peas, but there’s caution there,” said Francois Labelle, […]

By Phil Franz-Warkentin

Mar. 21, 2018 at 8:59 pm CDT

CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower over the past week, but stabilized at those lows as attention shifts from weather concerns in Argentina to planting intentions in North America. Rains in Argentina over the past weekend helped ease dryness concerns there […]

By Phil Franz-Warkentin

Mar. 20, 2018 at 5:10 pm CDT

CNS Canada — After Manitoba in 2017 grew its largest edible bean crop in more than a decade, a downturn could be expected in 2018. However, new-crop pricing opportunities look favourable and industry participants say it’s still too early to get a firm sense on seeding intentions. “The pinto market […]

By Phil Franz-Warkentin